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The Progressive

NewsWire

A project of Common Dreams

For Immediate Release
Contact: Email:,coord(at)jubileeusa.org

Argentina Sues United States at International Tribunal

Suit alleges US court's debt decision violates sovereignty

WASHINGTON
Argentina filed suit against the United States at the International Court of Justice (ICJ). The lawsuit argues that the US 2nd Circuit Court decision between Argentina and predatory hold-out funds violates Argentina's sovereignty. The court is a United Nations body and can only hear the case if the United States government agrees to accept the ICJ's jurisdiction.

Eric LeCompte, Executive Director of the religious anti-poverty coalition, Jubilee USA Network, releases the following statement:

"This case illustrates that we need basic rules of responsible lending and borrowing in place in order to stop predators.

"If we had an international bankruptcy process, countries from Argentina to Grenada never would default and predatory actors are forced to sit at the table."

Jubilee USA Network is an interfaith, non-profit alliance of religious, development and advocacy organizations. We are 75 U.S. institutions and more than 750 faith groups working across the United States and around the globe. We address the structural causes of poverty and inequality in our communities and countries around the world.

(202) 783-3566